Reports of Tobin Tax death exaggerated, EU says

On 3 June 2013 EUObsever reported that European Commissioner for Taxation Algirdas Semeta cast doubt on reports that the Commission's legislative proposals for Financial Transactions Tax (FTT), also known as the Tobin Tax, was being unravelled by member states.

British chancellor George Osborne had attacked EU plans to create a financial transactions tax (FTT) and said it would 'hinder EU growth by disrupting the diverse markets used by corporates to raise financing for long-term investment and undermine the single market by splitting tax treatment of derivatives into two regimes.'

• Primary Source

ESO: Background information: Financial transactions tax: UK launches legal challenge http://www.europeansources.info/record/financial-transactions-tax-uk-launches-legal-challenge/

ESO: Background information: The Tobin Tax: Recent developments http://www.europeansources.info/record/the-tobin-tax-recent-developments/

The Wall Street Journal, 30.05.13: EU's Trading Tax Takes Slow Road http://online.wsj.com/article/SB10001424127887324412604578515200971166358.html

Reuters, 30.05.13: Exclusive: Europe plans major scaling back of financial trading tax http://www.reuters.com/article/2013/05/30/us-eu-tax-idUSBRE94T0W820130530

EUObserver, 06.06.13: Britain renews attack on EU transactions tax http://euobserver.com/economic/120392

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